Banking

Turkish Central Bank int'l reserves at $86.3 bln in April

The official reserves of the Turkish Central Bank reached $86.3 billion as of the end of April, the bank announced on May 28. 

The April figure showed that total reserve assets slipped 6.3% from the previous month.

Foreign currency reserves in convertible foreign currencies fell 15.5% to $50.1 billion during the same period.

PM Orban says successful economic rebuilding hinges on partnership with financial, banking systems

Prime Minister Ludovic Orban said on Friday, at a meeting with leaders of the Romanian Association of Banks (ARB), that the success of the economic rebuilding plan lies in the partnership with the financial and banking systems.

Banks in Romania have solved 83pct of the 317,000 requests from customers to suspend installments

The banks in Romania have solved, two months after the onset of the health crisis generated by the COVID-19 pandemic, more than 83pct of the approximately 317,000 applications submitted by customers, individual and legal persons for the suspension of monthly payment obligations from credit agreements, announced on Monday the Romanian Association of Banks (ARB).

Eurobank seeks to join Greece's bad loan scheme with third securitisation

Eurobank applied to take part in Greece's Hercules bad loan reduction scheme with a third securitisation, dubbed Cairo-III, the country's third-largest bank said on Friday.

Banks in Greece have been working to reduce a pile of about 75 billion euros in bad loans, a legacy of a financial crisis that shrank the country's economy by a quarter.

Turkey removes 3 foreign banks' FX transactions ban

Turkey on May 11 removed foreign exchange transactions bans with Turkish lira for three foreign banks -- BNP Paribas, Citibank, and UBS.

After banks fulfilled their Turkish lira commitments, the restrictions were removed, according to the information given by Turkey's Banking Regulation and Supervision Agency (BDDK).

The BNB Releases into Circulation a Partially Gold-Plated Silver Commemorative Coin ‘100 Years of University of National and World Economy’

From 11 May 2020 the Bulgarian National Bank will release into circulation a partially gold-plated silver commemorative coin '100 Years of University of National and World Economy', BNB reported.

It will be sold for BGN 72 (seventy two levs).

Turkey bars 3 foreign banks from FX transactions

Turkey has blocked three foreign banks- BNP Paribas, Citibank, and UBS- from doing foreign exchange transactions with the Turkish lira, the nation's banking watchdog announced on May 7. 

These banks failed to complete their Turkish lira commitments and so defaulted, said Turkey's Banking Regulation and Supervision Agency (BRSA).

Pages